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CBD provides Siemens Energy with AED 550 mn facility to fuel expansion
The firm will use the funds to support its UAE and Middle East project pipeline
Rich nations now spend more on debt than defense -OECD
Interest costs hit a 17-year high, reaching 3.3% of GDP in 2024
Singapore-based creator management firm Gushcloud plans biggest office in Abu Dhabi + Green hydrogen-powered buses coming to Dubai?
Plus: Ethiopia, Abu Dhabi expand air travel
Debt collection startup ClearGrid raised USD 10 mn across two funding rounds
The funds will support ClearGrid’s expansion into Saudi Arabia and the advancement of its technology
Moody’s affirms UAE and Abu Dhabi’s gov’t credit ratings
The rating for both governments was affirmed as Aa2 with a stable outlook
EIB taps banks for a fresh sukuk issuance
The banks will market the sukuk to investors, determining its pricing, and carry out underwriting
Russian assets back in demand amid hopes for a ceasefire
The transactions are challenging due to the limited supply of those assets
Adtic invests USD 120 mn in hotel in Egypt’s Giza pyramids area
Plus: Ripple becomes first DFSA-licensed blockchain payments firm in DIFC
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